Since then, many companies have progressively integrated policies that promote sustainability into their business strategies “partly in response to federal legislation and partly due to stakeholder concerns” (Ferrell, 2011, p. A-8). Businesses have discovered that being environmentally-friendly can reduce costs, differentiate their products from others, and increase revenue. This article also examines some of the ways businesses are marketing their commitment to being green. Questions 1) I think every issue relating to sustainability is important. However, I feel that the issue of water pollution is the most important.
Also make automobile magazines, bloggers and experts report about the good quality and reliability of HEVs. Stay present in media for consumers to stay updated. 4. How does Toyota develop the demographic profile to evolve the perception of HEV technology from a niche product to a mainstream product? They turned the hybrid technology from a niche market product and evolved it into mainstream acceptance around consumers, creating awareness about the
Investors investing in an IPO are aware that it takes time to see a solid return/profit when a company is expanding into new ventures and that risks are involved. Most importantly, investors know that a risk has to be taken for continued growth and for the health of the company. CanGo needs to offer an IPO so that they have the funding to expand and grow. Issue 4 Hidden costs The team at CanGo hasn’t even considered what the hidden costs to the business might be if they branch out into the new projects they are currently exploring. They are not adding additional staff, equipment, or software so spreading the resources out could cause the quality of the existing products to suffer.
One of the remaining ethical issues and the one that gives pause to stakeholders about the viability of GM products is the possible harm to human health. Since it is a new possibility, the attainable consequences are not yet to be seen. To prevent potential damaged, Hugh Grant –current CEO– focused Monsanto’s biotechnology in products that would not be served directly at the dinner plate. Several important decisions in the matter of ethics and health have been taken to provide security to stakeholders so they can believe Monsanto’s reliability. Also, many charitable actions show that what the company is looking for is a social commitment to improve live conditions and to give more opportunities to do well.
The analysis will also show that, although the flexible leadership theory would be beneficial to APAC, it would not be supported based on the current culture of the company. DISCUSSION How does flexible leadership theory (FLT) apply to Costco's operations and leadership? The flexible leadership theory (FLT) emphasizes how organizations define effectiveness in providing their goods or services to their customers to achieve long-term success and survival. By using the “primary performance determinants” (Yukl 2010) of environmental adaptation, efficiency and process reliability, and human resources and relations, the cofounder and current CEO of Costco has created an atmosphere that encourages excellence. Based on the narrative of the Costco case study supplied by Yukl (2010), Costco has a combination of the clan
The vast majority of companies that move in the direction to achieve sustainability also have enhanced profitability. Sustainability offers a firm new ways to protect their business from environmental, financial, and social risks, to run a company with greater efficiency and productivity, and to grow a company through the development of new products and services and the opening of new markets (Savitz, 2006). A firm can protect their business operations by conducting a thorough analysis of assessing the baseline. A company needs a clear understanding of where it is before figuring out where it needs to go. The thorough analysis of the firm’s environment will help identify risks that may be harmful to the employees, customers, and communities, as well as management failures early.
Discussion Question 1: Should business be concerned about sustainability? Why or why not. Sustainability is known to be an important factor to consider when running a business and is the new buzzword for businesses today. The basic definition of sustainability is “the belief the businesses needs to meet today’s requirement without compromising future needs in the operations and production” Therefore businesses should be concerned about sustainability as: In today’s society we are beginning to learn that resources are in some degree limited and in order for the upcoming generations to not experience worse, businesses need to be aware of the ideals and requirements of sustainability. Businesses should be concerned about sustainability for the reason that, if you are not sustainable, businesses doesn’t have the capacity to operate as well /equal as current requirements in businesses today.
There would have been no issues of relocation for financial purposes if the “unfriendly merger” between Pillsbury (owner of Green Giant) and Grand Metropolitan Company had not taken place. The following facts created the issue: the merger between Pillsbury(Green Giant) and Grand Metropolitan Company; and the necessity of increasing profits at the division to help pay off debt arising from the unfriendly merger. The issue is as follows: Green Giant had two distinct paths it could take to decide the most economical manner in which they could increase profits so that severe career implications that Grand Metrolpolitan alluded too would not take place. The first choice is to move Green Giant’s Plant to Mexico, uprooting their operations in Salinas, California to have cheaper labor and utilizing the economic doctrine of comparative advantage. The second choice is for Green Giant to stay in Salinas so individuals are not laid off and deal with executives “light but firm hand upon” career implications due to Green Giant not substantically and quickly increase profits.
How would you rate Scholfield Honda's sense of social responsibility? Does the dealership meet all the criteria for a socially responsible company? With their decisions to promote and supply an alternative energy that is cleaner than the current standard, as well as supplying the infrastructure to support this new form of energy, I believe they have indeed met the criteria for a socially responsible company. Also by promoting the Honda brand which has been manufacturing these alternative energy vehicles since 1970, they are helping to make not only the brand, but the technology more visible in the public eye. What is Scholfield Honda's primary ethical responsibility in situations where a proposed green initiative is cost-prohibitive or even detrimental to the company's bottom line?
Corporate environmentalism has the potential to improve the sustainability of organisations in modern times through improving the status, legitimacy and profitability of organisations. However recent criticism from environmental groups claiming companies are ‘merely window dressing’ and not ‘making any radical attempt to minimize their environmental impact’ has sparked debate over whether the true motives of large scaled firms is still profit maximisation (Whiteman and Cooper 2000). This critical analysis essay aims to inform the reader of the potential reasons as to why firms implement corporate environmentalism into their management